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DSP Ultra Short Fund

Benchmark: CRISIL Ultra Short Duration Debt…

1.95 lakh people have invested in this fund

LumpsumMonthly SIPView performance details

Return:

Annualized

Absolute

This fund

18.00%

CRISIL Ultra Short Duration Debt…

14.30%

CRISIL 1 Year T-Bill Index

14.15%

team 1.95 lakh people have invested in this fund as of

This is a Debt Short-term, Ultra Short Duration fund with CRISIL Ultra Short Duration Debt A-I Index as its benchmark. The risk level for this fund is categorized as Low to Moderate Risk.

Total AUM

₹3,061.99 crores as of Nov 30, 2024

Age of Fund

11 years 11 months since Jan 01, 2013

Expense Ratio

0.3% as of Dec 12, 2024

Exit Load

Nil

Ideal holding period

3 Months+

Rolling Returns

Bars show distribution of returns in given range for selected time period

View performance details

Things to know before you invest

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What is in DSP Ultra Short Fund?

DSP Ultra Short fund invests in money market & debt securities with portfolio duration of 3-6 months.
It invests mostly in high quality A1+ and AAA rated in debt securities.

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Why should one invest in DSP Ultra Short Fund?

Use it to park surplus money or money earmarked for emergencies for a short period of time (3 to 6 months).
Can be an alternative to traditional savings bank accounts.

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Who should invest in DSP Ultra Short Fund?

Consider this fund if you
- Are an experienced investor & know what you're doing.
- Need a vehicle that can help you to park money temporarily, while you systematically transfer or switch into equity funds over time.
- Recognize investing in shorter duration debt securities could mean lower returns but comes with the advantage of lower interest rate risk.
- Understand the basics of debt investing.

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Rethink before you invest

Ultra Short Fund carries Moderate Risk.
Even though this is a debt scheme, in rare circumstances, investment losses may be possible.
This is not an equity-oriented fund, so do not expect very high returns.

Fund managers:

Laukik Bagwe

Total work experience of 24 years. Managing this fund since August 2024.

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Total work experience of 24 years. Managing this fund since August 2024.

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Karan Mundhra

Total work experience of 17 years. Managing this fund since May 2021.

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Total work experience of 17 years. Managing this fund since May 2021.

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Laukik is Fund Manager with the Fixed Income Investment team of DSP Mutual Funds. He joined the firm in November 2007 as a Fixed Income Dealer. From November 2003 to October 2007, Laukik worked with Derivium Capital & Securities Pvt. Ltd. as the Head of Fixed Income Trading - SLR & NONSLR Broking. From June 2000 to October 2003, he worked with Birla Sunlife Securities Ltd. as a Manager-SLR & NONSLR Broking. He brings with him a total work experience of 11 years in debt broking and is currently the fund manager for the following schemes of DSP Mutual Fund.

Sr. No.	Scheme Name	Managing since	Period
Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement Different plans shall have a different expense structure. The performance details provided herein are of regular plan. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Sr. No.

Scheme Name

Managing since

Period

1 Years

3 Years

5 Years

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement

Different plans shall have a different expense structure. The performance details provided herein are of regular plan.

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Karan has a total work experience of over 9 years. He joined DSP Mutual Funds in April 2012 as part of Fund Administration team. In 2016, he joined the Fixed Income Investment team. He is a Chartered Accountant (ICAI India) and also holds a Bachelor of Commerce Degree.

Sr. No.	Scheme Name	Managing since	Period
Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement Different plans shall have a different expense structure. The performance details provided herein are of regular plan. Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Sr. No.

Scheme Name

Managing since

Period

1 Years

3 Years

5 Years

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Scheme return (%)

Benchmark return (%)

Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement

Different plans shall have a different expense structure. The performance details provided herein are of regular plan.

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Portfolio

Prescribed asset allocation: 0% - 100% *Debt and Money Market Securities
*Debt securities may include securitised debts up to 50% of the net assets. The Scheme will invest in Debt and Money Market instruments such that the Macaulay duration of the portfolio is between 3 months - 6 months.

Current Allocation

as of Nov 30, 2024

Equity 0%
Debt / cash 100.4%

Equity
Debt / Cash

Top holdings

No Data to display

Top Sectors

No Data to display

Top holdings

No Data to display

Top holdings

TREPS / Reverse Repo Investments

7.81%

LIC Housing Finance Limited

5.00%

364 DAYS T-BILL 2024

4.08%

182 DAYS T-BILL 2025

3.24%

Punjab National Bank

3.23%

Cash & cash equivalents

-0.40%

Credit rating profile

CRISIL A1+

40.30%

CRISIL AAA

20.70%

SOV

11.30%

ICRA AAA

10.10%

Cash & Equivalent

7.80%

Instrument break-up

Money market instruments

54.10%

Bonds & NCDs

35.20%

TREPS

7.80%

Securitized Debt Instruments

1.30%

Government Securities (Central/State)

1.30%

See all 67 holdings

Indicators

Yield to Maturity

7.47 %

Modified Duration

0.42 Years

Portfolio Macaulay Duration

0.45 Years

Average Maturity

0.46 Years

Compare Performance

Performance highlights over last

for

investment

Cumulative returns on

Annual returns

Current value

Min CAGR:

MedianCAGR:

Max CAGR:

Good Returns

Negative Returns

vs Fixed Deposit

vs Category

vs Benchmark

Historical Returnsas of with investment of₹10,000
As per SEBI format
As per IDCW history

	This fund		CRISIL Ultra Short Duration De… ^{^}		CRISIL 1 Year T-Bill I… ^#
	CAGR	Current Value	CAGR	Current Value	CAGR	Current Value

Income distribution Cum Capital Withdrawal (IDCW) Distributed

Record Date	IDCW per unit	NAV Before	NAV After

Chart type

Graph viewTable view

Invested as

Invested Amount

₹

Invested since

This fund

CRISIL Ultra Short Dur…

CRISIL 1 Year T-Bill I…

Gold

PPF

	Funds	Annual returns	Current Value	Absolute Growth	IDCW paid

Chart type:

Returns RangesStatistics

Invested Amount

₹

Invested period

Funds	Minimum	Median	Maximum	% times -ve returns	% times returns > 7%

Date of allotment: Jan 01, 2013.

Period for which fund's performance has been provided is computed based on last day of the month-end preceding the date of advertisement

Different plans shall have a different expense structure. The performance details provided herein are of Direct Plan.

Since inception returns have been calculated from the date of allotment till June 30, 2021

Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments

Rolling returns have been calculated based on returns from regular plan growth option.

^ Fund Benchmark # Additional Benchmark

Scheme disclaimers

Fund Details

Investment Objective

The primary investment objective of the Scheme is to seek to generate returns commensurate with risk from a portfolio constituted of money market securities and/or debt securities.
There is no assurance that the investment objective of the Scheme will be realized.

Fund Type

Debt – Short-term

Ultra Short Duration Fund

An open ended ultra-short term debt scheme investing in debt and money market securities such that the Macaulay duration of the portfolio is between 3 months and 6 months (please refer page no. 21 under the section 'Where will the Scheme invest?' of SID for details on Macaulay's Duration).
A relatively low interest rate risk and moderate credit risk.

Riskometer

Level of Risk in the fund

View details

Potential Risk Class Matrix : B-I

B-I is the potential risk class matrix of DSP Ultra Short Fund based on interest rate & credit risk.

Minimum Investment

Rs. 100 Lumpsum
Rs. 100 SIP– 12 instalments
Rs. 100 Minimum Additional Purchase

Fund Documents

KIM and Applications

1.95 lakh peoplehave invested in this fund as of

54.35%

Name	% of Net Assets
364 DAYS T-BILL 2024	4.08%
182 DAYS T-BILL 2025	3.24%
Punjab National Bank	3.23%
Bank of Baroda	3.16%
Kotak Mahindra Bank Limited	2.40%
Motilal Oswal Financial Services Limited	2.39%
182 DAYS T-BILL 2025	1.94%
IIFL Finance Limited	1.63%
Axis Bank Limited	1.61%
IDFC First Bank Limited	1.61%
Hero Fincorp Limited	1.60%
Axis Bank Limited	1.57%
National Bank for Agriculture and Rural Development	1.57%
Axis Bank Limited	1.56%
Axis Bank Limited	1.56%
Canara Bank	1.55%
The Federal Bank Limited	1.55%
HDFC Bank Limited	1.54%
AU Small Finance Bank Limited	1.53%
IDFC First Bank Limited	1.52%
IDFC First Bank Limited	1.52%
The Federal Bank Limited	1.52%
HDFC Bank Limited	0.81%
Indostar Capital Finance Limited	0.81%
Small Industries Development Bank of India	0.81%
Indostar Capital Finance Limited	0.80%
Nexus Select Trust	0.80%
Axis Bank Limited	0.79%
Fedbank Financial Services Limited	0.79%
HDFC Bank Limited	0.79%
Small Industries Development Bank of India	0.79%
Kotak Mahindra Bank Limited	0.79%
182 DAYS T-BILL 2025	0.79%
Axis Bank Limited	0.77%
Canara Bank	0.77%
Axis Bank Limited	0.16%

54.1% of Debt instruments

35.38%

Name	% of Net Assets
LIC Housing Finance Limited	5.00%
Power Finance Corporation Limited	1.83%
Tata Power Company Limited	1.75%
National Bank for Agriculture and Rural Development	1.71%
Can Fin Homes Limited	1.71%
Tata Capital Limited	1.70%
Small Industries Development Bank of India	1.69%
Small Industries Development Bank of India	1.67%
Sundaram Finance Limited	1.67%
HDFC Bank Limited	1.63%
Power Finance Corporation Limited	1.36%
Power Finance Corporation Limited	1.35%
Muthoot Finance Limited	1.00%
LIC Housing Finance Limited	0.87%
REC Limited	0.86%
Cholamandalam Investment and Finance Company Limited	0.86%
HDB Financial Services Limited	0.86%
National Bank for Agriculture and Rural Development	0.84%
Power Finance Corporation Limited	0.84%
LIC Housing Finance Limited	0.84%
REC Limited	0.84%
Aditya Birla Renewables Limited	0.83%
National Bank for Agriculture and Rural Development	0.83%
Power Finance Corporation Limited	0.83%
National Bank for Agriculture and Rural Development	0.83%
Small Industries Development Bank of India	0.83%
Export-Import Bank of India	0.35%

35.2% of Debt instruments

7.81%

Name	% of Net Assets
TREPS / Reverse Repo Investments	7.81%

7.8% of Debt instruments

1.33%

Name	% of Net Assets
India Universal Trust	1.33%

1.3% of Debt instruments

1.30%

Name	% of Net Assets
0% GOI 2026	1.30%

1.3% of Debt instruments

0.23%

Name	% of Net Assets
SBI Funds Management Pvt Ltd/Fund Parent	0.23%

0.2% of Debt instruments

For lumpsum investments, if the investment period is less than 1 year then same return values are displayed for absolute & XIRR. For periods above 1 year, they are annualized. 1 Year is assumed as 365 days.
Returns for investments in income distribution cum capital withdrawal (IDCW) plans of schemes are calculated after assuming that the net income distribution cum capital withdrawal (IDCW) payouts post statutory taxes & levies, are re-invested back in the scheme.
Income distribution cum capital withdrawals (IDCW) declared from benchmark's constituents isn't taken into account when comparing with investment in fund's income distribution cum capital withdrawal (IDCW) plans.
Performance is always compared against the latest benchmark of the fund irrespective of the date of change of fund's benchmark, if any.
Except when SIP tenure is since inception, for all tenures, the start day for SIP investments is considered as 1st of every month. There is no end date to SIPs for the purpose of graphs.
For the purpose of NAV date applicability, if the investment date happens to be a non-business day, next business day's NAV is applied. Investment on inception date can happen on a non-business day.
Gold prices are available post 29 JAN, 2005 & are based on daily closing values on MCX.
Investment in gold has a strong global market demand and gold is highly liquid asset.
PPF interest rate is assumed at 8.7% p.a. & interest received is compounded daily for the returns illustration in the charts.
The comparison with PPF (and other traditional saving instruments/assets) has been given for the purpose of the general information only. Investments in mutual funds should not be construed as a promise, guarantee on or a forecast of any minimum returns. Unlike traditional saving instruments there is no capital protection guarantee or assurance of any return in mutual fund investment. Traditional savings instruments are comparatively low risk products and are generally backed by the Government. Investment in mutual funds carries high risk as compared to the traditional saving instruments and any investment decision needs to be taken only after consulting the Tax Consultant or Mutual Fund Distributor.
Past performance may or may not sustain in future and should not be used as a basis for comparison with other investments. There is no assurance of any returns/capital protection/capital guarantee to the investors in any scheme of DSP Mutual Fund.
The sector(s)/stock(s)/issuer(s) mentioned in this document do not constitute any recommendation of the same and the Fund may or may not have any future position in these sector(s)/stock(s)/issuer(s).
The investment approach / framework/ strategy / portfolio / other data mentioned herein are dated and currently followed by the scheme and the same may change in future depending on market conditions and other factors.
The SIP returns are calculated by XIRR approach assuming investment of Rs. 10,000/- on the 1st working day of every month. XIRR helps in calculating return on investments given an initial and final value and a series of cash infows and outflows with the correct allowance for the time impact of the transactions. Load is not taken into consideration for computation of performance.

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DSP Ultra Short Fund

DSP Ultra Short Fund

This is a Debt Short-term, Ultra Short Duration fund with CRISIL Ultra Short Duration Debt A-I Index as its benchmark. The risk level for this fund is categorized as Low to Moderate Risk.

Things to know before you invest

What is in DSP Ultra Short Fund?

Why should one invest in DSP Ultra Short Fund?

Who should invest in DSP Ultra Short Fund?

Rethink before you invest

Fund managers:

Portfolio

Current Allocation

Indicators

Compare Performance

Invested Amount

Invested Amount

Fund Details

Fund Details

Investment Objective

Fund Type

Riskometer

Minimum Investment

Fund Documents

Products Offered

Product Information

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DSP Ultra Short Fund

DSP Ultra Short Fund

This is a Debt Short-term, Ultra Short Duration fund with CRISIL Ultra Short Duration Debt A-I Index as its benchmark. The risk level for this fund is categorized as Low to Moderate Risk.

Things to know before you invest

What is in DSP Ultra Short Fund?

Why should one invest in DSP Ultra Short Fund?

Who should invest in DSP Ultra Short Fund?

Rethink before you invest

Fund managers:

Portfolio

Current Allocation

Indicators

Compare Performance

Invested Amount

Invested Amount

Fund Details

Fund Details

Investment Objective

Fund Type

Riskometer

Minimum Investment

Fund Documents

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